Oil Heads Higher after Largest Weekly Slide Since October

Crudeoil futures headed higher on Monday, finding support after suffering from their largest weekly loss since October. Worries over renewed lockdowns and a sluggish vaccine rollout in parts of Europe continued to dog energy markets but oil already priced in a lot of COVID worries last week with a dramatic selloff, said Phil Flynn, senior […]
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Wall Streets Year of Bust and Boom

NEW YORK, March 22 Reuters Wall Street giddyness in recent weeks stands in stark contrast to the pandemic panic of one year ago. U.S. stocks on Tuesday will mark the oneyear anniversary of the market low as the spread of the COVID19 and government lockdowns began to crush economic activity, before massive government and central […]
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Collapse in TRY Causes Risk Aversion in FX Market

Rates as of 0500 GMT Market Recap Rather modest movements in the currency market since Friday morning. The biggest move was in the Turkish lira TRY, which collapsed some 14 after Erdogan dismissed the head of the central bank the third CB head to lose his job in less than two years and replaced him […]
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U.S.China Trade Relations Remain Strained as Biden Team Takes Tough Stance Similar to Trump

The outlook for U.S.China trade relations is likely to remain challenged after this weeks highlevel diplomatic talks showed that President Joe Bidens team does not plan to wholly abandon the Trump administrations tough tone in discussions with Beijing. Though Washington and Beijing struck a ceasefire in their titfortat trade feud with last years phase one […]
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